Spot vs Futures on Weex: Key Differences

== WEEX: Spot vs Futures Trading

This article provides a beginner-friendly overview of the WEEX cryptocurrency exchange, explaining its core features, supported assets, and the differences between spot and futures trading on the platform.

== Core Features of WEEX

WEEX is a cryptocurrency exchange that offers both spot and futures trading.

• **Spot Market:** The spot market allows users to buy and sell cryptocurrencies at their current market price.
• **Futures Market:** Futures contracts allow users to speculate on the future price of a cryptocurrency.

• • Supported Assets:**

WEEX supports a wide range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and many other altcoins.

== Spot Trading on WEEX

In the Spot market, you buy and sell cryptocurrencies at their current market price. This is the most straightforward way to trade crypto, suitable for beginners.

• • Order Types:**

• **Limit Order:** A limit order lets you buy or sell at a specific price. Your order will only execute when the market reaches your desired price.
• **Market Order:** A market order executes immediately at the best available price.

== Futures Trading on WEEX

Futures contracts are agreements to buy or sell a specific amount of a cryptocurrency at a predetermined price and date in the future.

• • Key Differences:**

• **Leverage:** Futures trading allows you to use leverage, which magnifies both profits and losses.

• **Risk Management:** Futures trading involves higher risk due to leverage and price volatility.

• **Settlement:** Futures contracts are settled at the predetermined date, while spot trades are settled immediately.

== Order Types on WEEX

• **Limit Order:** Limit order
• **Market Order:** Market order

== Liquidity and Markets on WEEX

WEEX offers a range of markets with varying liquidity levels.

• **High Liquidity Markets:** These markets have a large number of buyers and sellers, resulting in tighter spreads and faster order execution.

• **Low Liquidity Markets:** These markets have fewer participants, potentially leading to wider spreads and slower order execution.

== Security Practices on WEEX

WEEX prioritizes security through measures such as:

• **Two-Factor Authentication (2FA):** This adds an extra layer of security to your account.

• **Cold Storage:** WEEX stores a significant portion of user funds in offline cold storage wallets, which are not connected to the internet.

== KYC and Limits

WEEX requires users to complete Know Your Customer (KYC) verification to comply with regulations and prevent financial crime.

• **Verification Levels:** WEEX may have different verification levels with varying trading limits.

• **Withdrawal Limits:** There are limits on the amount of cryptocurrency you can withdraw from your account.

== Funding and Withdrawals on WEEX

WEEX supports various payment methods for depositing and withdrawing funds, including:

• **Cryptocurrency Deposits:** You can deposit cryptocurrencies directly into your WEEX wallet.

• **Fiat Deposits:** Depending on your region, WEEX may offer fiat currency deposit options.

== Mobile and Web UX

WEEX offers both a mobile app and a web-based platform for trading.

• **Mobile App:** The mobile app provides a convenient way to trade on the go.

• **Web Platform:** The web platform offers a more comprehensive trading experience with advanced charting tools and features.

== First Steps Checklist

• **Register an Account:**

Register here

• **Complete KYC Verification:** Follow the instructions provided by WEEX to verify your identity.

• **Fund Your Account:** Deposit cryptocurrency or fiat currency into your WEEX account.

• **Explore the Platform:** Familiarize yourself with the interface, order types, and trading features.

• **Start with Small Trades:** Begin with small trades to gain experience and understand the platform dynamics.

== Risks and Responsible Trading

Cryptocurrency trading involves inherent risks, including price volatility, leverage, and potential scams.

• **Risk Management:** Implement risk management strategies such as stop-loss orders and position sizing.

• **Due Diligence:** Conduct thorough research before investing in any cryptocurrency.

• **Diversification:** Diversify your portfolio across multiple assets to reduce risk.

• **Start Small:** Begin with a small amount of capital that you can afford to lose.

See also (on this site)

• WEEX Exchange: Your First Crypto Trades
• WEEX Fees: Trading Costs Explained
• What Coins Can You Trade on WEEX
• Understanding Order Types on WEEX

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Recommended Futures Trading Platforms

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Binance Futures	Up to 125× leverage, USDⓈ-M contracts; new users can receive up to 100 USD in welcome vouchers, plus lifetime 20% fee discount on spot and 10% off futures fees for the first 30 days	Sign up on Binance
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BingX Futures	Copy trading & social features; new users can get up to 7,700 USD in rewards plus 50% trading fee discount	Join BingX
WEEX Futures	Welcome package up to 30,000 USDT; deposit bonus from 50–500 USD; futures bonus usable for trading and paying fees	Register at WEEX
MEXC Futures	Futures bonus usable as margin or to pay fees; campaigns include deposit bonuses (e.g., deposit 100 USDT → get 10 USD)	Join MEXC

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